The Shandong Institute of Light Industry recently held a ceremony in Jinan, the provincial capital, to inaugurate an IP research center to enhance management and service in the field.

Chen Jiachuan, insitute president, said at the inauguration ceremony that the center will emphasize patent innovation and protection. It will also provide consulting and problem-solving services to companies.

The college has been working on IP creation and patent industrialization for years.

It now has 93 patents, 11 of them commercialized, which are expected to bring more than 100 million yuan ($15.7 million) in profits.

(Source: China Daily)